IG Group (LON:IGG) Shares Pass Above 200 Day Moving Average - What's Next?

IG Group Holdings plc (LON:IGG - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,020.60 ($13.77) and traded as high as GBX 1,087 ($14.66). IG Group shares last traded at GBX 1,075.05 ($14.50), with a volume of 330,070 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on IGG shares. Canaccord Genuity Group lifted their price objective on IG Group from GBX 782 ($10.55) to GBX 1,099 ($14.83) and gave the stock a "buy" rating in a report on Friday, May 30th. Shore Capital reissued a "buy" rating on shares of IG Group in a research report on Thursday, March 13th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,600 ($35.07) price target on shares of IG Group in a research report on Thursday, May 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of GBX 1,466 ($19.78).

IG Group Trading Up 0.4%

The firm has a market capitalization of £3.83 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The stock's 50-day simple moving average is GBX 1,085.87 and its two-hundred day simple moving average is GBX 1,020.60. The company has a debt-to-equity ratio of 17.04, a current ratio of 2.47 and a quick ratio of 2.40.

About IG Group

IG Group LSEG: IGG is an innovative, global fintech company that delivers dynamic online trading platforms and a robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades, the Company has evolved its technology, risk management, financial products, content, and platforms to meet the needs of its retail and institutional clients.